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Financial Planning and Succession: A Roadmap for Parents
There are several federal and provincial programs in Canada that provide income, health benefits, tax relief, and long-term savings for people with disabilities. These programs are spread across different levels of government, each with its own eligibility rules, application process, and timeline. This section brings them together in one place and walks through them in a sequence that reflects how they connect to one another. These programs interact and are inter-related. Som
Lindsay
May 62 min read
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The Henson Trust: Protecting an Inheritance Without Losing ODSP
What It Is A Henson Trust is a type of trust used estate planning to protect the financial interests of a person with a disability while preserving their eligibility for ODSP. It is an absolute discretionary trust. In simple terms, this means the trustee (the person managing the trust) has full control over when and how the money in the trust is used, and the beneficiary (the person with the disability) has no legal right to demand payments from it. Because the beneficiary do
Lindsay
May 63 min read
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